EU Blocks MMG's Nickel Grab, Gold Stumbles on Rate Hike Bets, and Tungsten Attracts $50 Million

September 22, 2026 | Host: Logan Ore | Runtime: ~11 minutes

Stories covered:
1. EU issues formal Statement of Objections against MMG/Anglo American nickel deal — could divert low-carbon ferronickel from Europe to SASAC-controlled stainless steel producers; Anglo American calls assessment flawed
2. Gold falls 0.9% Monday — spot $4,349.94, 88% December Fed rate hike probability, USD at 2-month high; Jim Wyckoff (American Gold Exchange) and TD Securities quotes
3. Tungsten Mining secures $50M placement for Watershed Queensland project — 69.7Mt resource, $1.31B NPV, 198% IRR, $274M capex, DFS October 2026, H1 2027 production target; tungsten prices 4x Jan-Jul 2026
4. Rock Tech Lithium and Siemens Canada sign Digital Process Twin agreements for Red Rock Ontario lithium converter — DFS mid-December 2026, 32,000t LCE/yr capacity, G7 critical minerals blueprint

Sources:
- Reuters (MMG/Anglo EU antitrust): https://www.reuters.com/world/china/mmg-hit-with-eu-antitrust-warning-over-nickel-deal-with-anglo-american-2026-09-16/
- Reuters (gold falls Fed hike): https://www.reuters.com/world/india/gold-eases-firmer-dollar-profit-taking-mideast-conflict-focus-2026-09-21/
- MSN/Stockhead (Tungsten Mining placement): https://www.msn.com/en-au/money/economy/watershed-moment-tungsten-mining-nets-50m-boost-ahead-of-fid/ar-AA2cIsgY
- Yahoo Finance/CNW (Rock Tech Lithium Siemens): https://finance.yahoo.com/energy/articles/rock-tech-lithium-siemens-canada-060000395.html